Thursday March 4, 2021

  • Mixed markets overnight but soybeans attempting to pull markets higher this morning
  • Concern over South American weather continues to dominate soybean market news
  • USDA next week for monthly report 
    • Looking for decrease in 2020/21 carryout in both corn and soybeans compared to February’s report
    • Also looking for decrease in production for South America
  • Weekly exports disappointed
    • Corn well below expectation, wheat low end of expectations and soybeans in mid range of expectations